A report on Thursday revealed that the shipments of personal computers globally stood at 63.3 million units in the fourth quarter of 2023, an increase of 0.3 per cent from the corresponding period last year. The Gartner study emphasised that after experiencing eight consecutive quarters of decline, the shipments finally increased. In 2023 the shipping […]
India is considering import duty cuts on components key to producing high-end mobile phones, two government officials said, which would potentially be a boost for companies like Apple and the country’s exports. Companies in the sector have been pushing for cuts on nearly a dozen components to reduce the cost of making smartphones in India […]
The US International Trade Commission (ITC) has reportedly opposed Apple’s petition seeking a stay in a case involving the sales of its flagship device, smartwatches, according to a media report on Thursday. This is regarding a complaint by California-based tech company Masimo which allegedly claimed that Apple had infringed its patents. Earlier, ITC had considered […]
Global shipments of traditional PCs have exhibited signs of recovery in the fourth quarter of 2023, with preliminary results from the International Data Corporation (IDC) Worldwide Quarterly Personal Computing Device Tracker indicating that nearly 67.1 million PCs were shipped during this period. While the numbers in Q4 represent a 2.7 per cent decline from the […]
The Extended Reality (XR) headset market is poised for a substantial boost in 2024, with a projected record increase of 3.9 million units, marking a remarkable double-digit year-over-year growth. Industry experts predict that Apple’s highly-anticipated Vision Pro, scheduled to go on sale in the US on 2 February, will play a pivotal role in driving […]
A recent report from Jefferies analysts revealed a 30 per cent decline in iPhone sales in China during the first week of 2024. The dip highlights escalating competitive pressures from local contenders, including Huawei, posing a formidable challenge for the US company in one of its crucial markets. Jefferies’ analysis indicates that the drop in […]
Samsung Electronics has reported a 35 per cent decline in its fourth-quarter operating profit, a figure much worse than analysts had anticipated. The world’s leading memory chip, smartphone, and TV manufacturer estimated its operating profit to be 2.8 trillion won (USD 2.13 billion) for October-December, down from 4.31 trillion won in the same period the […]
The consumer electronics sector gears up for sustained growth in 2024, riding on the success of 2023 The year 2023 will be remembered for the strong growth and positive sentiments towards the consumer electronics industry, as various brands in the sector reported record-high sales throughout the year, especially during the festive season. Whether during the […]
Apple witnessed a sharp decline of nearly 3.6 per cent on Tuesday, marking a seven-week low, as Barclays downgraded the company’s shares amid concerns of sustained weak demand for its range of devices, from the flagship iPhone to the Mac, throughout 2024. This downgrade from Barclays, the second brokerage to issue the equivalent of a […]
Chinese tech giant Huawei Technologies is reportedly expected to exceed its revenue by USD 98.5 billion for 2023, indicating a 9 per cent YoY revenue growth from last year, according to a media report on Friday. The forecast further suggested Huawei’s rebounding after US sanctions in 2019 that damaged some of its business lines. The […]
